Previous DNB policy statements may be read to mean that, in the context of sanctions screening, not all relationships must be screened. This is an incorrect conclusion, and DNB will therefore amend the relevant policy statements shortly.Read more
What is the public register of covered bonds?
Where can the detailed rules for registered covered bonds be found?
On 19 November 2014, specific rules in respect of registered covered bonds were introduced in the Financial Supervision Act (Wet financieel toezicht – Wft), with further details about the rules provided in the Decree on Prudential Rules for Financial Undertakings (Besluit prudentiële regels Wft – Bpr) on 28 November 2014, and the Regulation implementing the Financial Supervision Act (Uitvoeringsregeling Wft) on 9 December 20141. These regulations impose conditions and minimum requirements that issuing banks with registered offices in the Netherlands must comply with in order for the bonds issued by – or to be issued by – that bank to qualify as covered bonds and for inclusion in the public register of covered bonds.
Beyond the registered covered bonds, there are bond issuances in the Netherlands which are contractually backed by underlying assets, but which do not comply with the above statutory rules for registered covered bonds. These bonds are referred to as structured or contractual covered bonds. Such covered bonds are not subject to our supervision, and we therefore do not include them in the register of covered bonds.
 See the Act of 19 November 2014 (Bulletin of Acts, Orders and Decrees 2014, 472), amending the Wft and any other acts pertaining to financial markets, and the Decree of 28 November 2014, amending the Bpr and the Decree on Conduct of Business Supervision of Financial Undertakings, with respect to covered bonds (Bulletin of Acts, Orders and Decrees 2014, 524), and the Regulation of 9 December 2014 amending the Regulation implementing the Financial Supervision Act (Bulletin of Acts, Orders and Decrees, 17 December 2014).